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Can you Succeed like this
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Member Since Jul 17, 2012 5 posts
bobbie (skiilodge)
Aug 04 2012 at 11:45
If you only used the market phase to judge which way to enter. You use price action for support and resistance along with trendlines to enter and exit the market. if you read individual candles and not the patterns. if you did ONLY this to trade the forex market could you succeed at this?
S.elf K.nowledge I.s I.mportant L.iving O.ur D.reams G.rowing E.veryday |
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Member Since Jan 14, 2010 554 posts
James_Bond
Aug 05 2012 at 06:27
skiilodge posted: If you only used the market phase to judge which way to enter. You use price action for support and resistance along with trendlines to enter and exit the market. if you read individual candles and not the patterns. if you did ONLY this to trade the forex market could you succeed at this? I do use support and resistance with no indicators at all, however reading only individual candles would literally hide the whole picture - why wouldn't I do that? Is that a rhetorical question, or is it indeed the way you trade? |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Aug 06 2012 at 09:13
I hope that is not the way you trade.
Pax puts the X in Forex. |
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Member Since Jan 14, 2010 554 posts
James_Bond
Aug 06 2012 at 12:51
TheLastBear posted: I hope that is not the way you trade. I'm not sure that is even possible. It's like running with closed eyes. |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Aug 07 2012 at 13:24
I am quite sure people will try.
Pax puts the X in Forex. |
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Member Since Aug 08, 2011 13 posts
Genius Fx Hedge (Connann)
Aug 11 2012 at 09:17
I thought the goal is succeeding in forex market, not gamblin!
JD IS THE WAY! |
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Member Since Jul 03, 2012 186 posts
TheLastBear
Aug 13 2012 at 13:14
Connann posted:
I thought the goal is succeeding in forex market, not gamblin! You are absolutely right. Pax puts the X in Forex. |
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Member Since May 21, 2012 33 posts
dlathrop
Aug 13 2012 at 23:58
Connann posted:
I thought the goal is succeeding in forex market, not gamblin! I like to gamble. All in EUR/USD!!!! There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it. |
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Member Since Jun 23, 2012 55 posts
skyjack777
Aug 15 2012 at 21:26
So if you look at one candle at a time? Even when I play two up once a year I wait for the forth flip to put my $5 on the line. For me (this week) it's trending towards price action looking for three one set up. Google price action and spend the week on it. We are in the new traders section and I'm very much a new trader. Look at what the experience people are saying.
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Member Since Jan 14, 2010 554 posts
James_Bond
Aug 16 2012 at 13:04
skyjack777 posted:
So if you look at one candle at a time? What information would you extract from one candle? When you're trying to solve a problem, the more information you have, the easier it would be to get to the solution. Therefore, you should look back on several time-frames to get the full picture. Just my 2c. |
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